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Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $20,000, $18,000, $19,000, $13,000, and $15,000, respectively.

Suppose a company had an initial investment of $40,000. The cash flow for the next five years are $20,000, $18,000, $19,000, $13,000, and $15,000, respectively. The interest rate is 8%.

What is the discounted payback period?

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